wealth
iPhones and other Apple products are correlated to greater wealth, according to a new paper by the National Bureau of Economic Research. “Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016,” according to economists Marianne Bertrand and … Read More
The majority of people in Canada and the United States identify themselves as being middle class, regardless of how much they earn. But being part of the middle class depends on where you live and how many people are in your household. For example, middle-class incomes in Alberta often exceed … Read More
Your neighbourhood trees do more than provide aesthetics, fresh air and shade on a warm day. They are also an indicator of wealth. A study from Ryerson University found that urban neighbourhoods with more tree coverage are more likely to be affluent and have residential properties that are valued higher. … Read More
MoneyGuy is brought to you by RBC. Face it: Most New Year’s resolutions are a bust. This year, forget about dropping those pounds and focus on something more important: your money. Here, some financial resolutions for the new year. Because abs of steel won’t make you happy, but piles of money … Read More
DailyXY’s MoneyGuy blog is sponsored by RBC Not born rich? If you’re going to be a millionaire by age 65, you’ll probably need to save about 10 per cent of your net income, starting at age 25. Skip Saving that 10 percent will likely mean forgoing impractical but sexy two-seaters … Read More
